Indian equity benchmarks saw volatile trading in the midday session, with both Sensex and Nifty trading in red, on the back of negative cues from other Asian markets. Domestic sentiment remained negative, as the government introduced a new set of rules for domestic firms, including companies and large family offices and start-ups, opting for the overseas direct investment route (ODI), which could significantly impact their acquisition decisions.

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The Sensex is trading at 58,684.02, down by 89.85 points or 0.15% after trading in a range of 58,172.48 and 59,068.25. On the index, 19 stocks advanced and 11 stocks declined.

The broader indices were trading in green with the BSE Mid cap index up by 0.30% and the Small cap index up by 0.12%. The top gaining sectoral indices on the BSE were Metal up by 1.54%, Auto up by 0.93%, Telecom up by 0.83%, PSU up by 0.81% and Capital Goods up by 0.65%, while IT down by 1.98%, Power down by 1.64%, TECK down by 1.61%, Utilities down by 1.48%, Oil & Gas down by 0.10% were the top losing indices on BSE.

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The top gainers on the Sensex were Mahindra & Mahindra up by 2.60%, Bajaj Finserv up by 2.55%, Tata Steel up by 1.62%, Sun Pharma up by 1.58% and SBI up by 1.08%. On the flip side, Tech Mahindra down by 2.32%, Infosys down by 2.29%, TCS down by 1.77%, HCL Tech down by 1.59% and Wipro down by 1.52% were the top losers.

The Nifty is trading at 17,477.05, down by 13.65 points or 0.08% after trading in a range of 17,345.20 and 17,588.55. On the index, 32 stocks advanced and 18 stocks declined.

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The top gainers on Nifty were Mahindra & Mahindra up by 2.67%, Bajaj Finserv up by 2.57%, Cipla up by 1.76%, Eicher Motors up by 1.72% and Hindalco up by 1.68%. On the flip side, Tech Mahindra down by 2.36%, Infosys down by 2.29%, TCS down by 1.81%, HCL Tech down by 1.65% and Adani Ports & SEZ is down by 1.60% were the top losers.

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Asian markets were trading mostly in the red with the Nikkei 225 declining 341.75 points or 1.19% to 28,452.75, Taiwan Weighted dropping 149.25 points or 0.98% to 15,095.89, Hang Seng decreased 96.43 points or 0.49% to 19,560.55, KOSPI fell 21.87 points or 0.89% to 2,440.63 and Straits Times trembled 27.03 points or 0.83% to 3,235.54. On the flip side, Shanghai Composite gained 5.86 points or 0.18% to 3,283.65, and Jakarta Composite soared 52.69 points or 0.74% to 7,160.67.